on a greater quantity of corn. It is the difficulty of production on No. 3 which regulates price; and corn rises to 4 l. 8 s. , that the profits of the capital employed on No. 3 may be on a level with the general profits of stock.
The produce and tax on the three qualities of land will be as follows:
| No. 1, yielding | 180 | qrs. at 4 l. 8 s. per qr. | £792 |
|---|---|---|---|
| Deduct the value of | 16.3 | or 8 s. per qr. on 180 qrs. | 72 |
| —— | —— | ||
| Net corn produce | 163.7 | Net money produce | £720 |
| —— | —— | ||
| No. 2, yielding | 170 | qrs. at 4 l. 8 s. per qr. | £748 |
| Deduct the value of | 15.4 | qrs. at 4 l. 8 s. or 8 s. per qr. on 170 qrs. | 68 |
| —— | —— | ||
| Net corn produce | 154.6 | Net money produce | £680 |
| —— | —— | ||
| No. 3, | 160 | qrs. at 4 l. 8 s. | £704 |
| Deduct the value of | 14.5 | qrs. at 4 l. 8 s. or 8 s. per qr. on 160 | 64 |
| —— | —— | ||
| Net corn produce | 145.5 | Net money produce | £640 |
| —— | —— |
The money rent of No. 1 would continue to be 80l., or the difference between 640 and 720l.; and that of No. 2, 40l., or the difference between 640l. and 680l., precisely the same as before; but the corn rent will be reduced from 20 quarters on No. 1 to 18.2 quarters, and that on No. 2 from 10 to 9.1 quarters.